Late last month, we learned of Walker & Dunlop’s involvement in structuring acquisition financing for a senior care campus on Cape Cod. Now, it’s revealed that the OREC Securities team of Laca Wong-Hammond, Chad Elliott, Kevin Laidlaw and Aaron Becker led the sale on behalf of the seller. Located in the town of Brewster, Massachusetts, […]
Walker & Dunlop both structured and provided $28.3 million in acquisition financing for the new owner of a 194-bed senior care campus in the Cape Cod town of Brewster, Massachusetts. Coming with a two-year term and interest-only payments throughout the life of the loan, the financing covers about 90% of the acquisition costs, leaving the […]
Walker & Dunlop expanded its senior care investment sales business in a big way, bringing in Managing Directors Mark Myers and Josh Jandris and Vice Presidents Jordyn Berger, Alex Vice and Mike Surak of IPA Seniors Housing, a division of Marcus & Millichap. The Chicago-based team will build on W&D’s existing multifamily property sales platform […]
Just over three years since buying three assisted living communities in Colorado, Middle East-based alternative investment fund manager Arcapita is refinancing them with the help of the team of Stuart Wernick, Jeff Ringwald and Bill Jackson of Walker & Dunlop. Operated by MorningStar Senior Living since opening in 2013 and 2014, the communities were nearly […]
The Walker & Dunlop team of Kevin Giusti, Michael Davis and Jeff Ringwald ran the agency gamut this month, closing one Freddie Mac, one Fannie Mae and one HUD loan, all totaling $42.6 million. W&D started with a $13.5 million refinance closed through Freddie Mac for a brand-new, 52-unit memory care community in Springfield, Oregon. […]
No stranger to big senior living projects, Big Rock Partners (BRP) announced it will be building its second senior living community in Palm Beach County, Florida, at an estimated cost of $150 million, or over $530,000 per unit. BRP kicked it off with the $9 million acquisition of a 15-acre site in Delray Beach, where […]
Working on behalf of Saber Healthcare Group and Regency Senior Living, Kevin Giusti of Walker & Dunlop went through HUD to arrange five financings for five separate senior care properties located in three states. The transactions include a $14.5 million financing for a senior living community in Fort Oglethorpe, Georgia, $12 million for an assisted […]
Big Rock Partners had cause for celebration this week, as its second senior living development opened in Florida, at a total cost of $82 million, or $343,000 per unit. Situated on nine acres (purchased in 2014 with the help of a $4.5 million loan from Sabra Health Care REIT) in the Walt Disney Company-developed master […]
Walker & Dunlop successfully structured an $82.077 million loan under Fannie Mae’s Green Rewards loan program, the first for a seniors housing property in the program’s history. Jeff Ringwald and Bill Jackson led the Walker & Dunlop team to structure a 10-year loan with two years of interest only and a 30-year amortization schedule to […]
A group of local owners in Colorado went to HUD to receive construction financing for their 137-unit senior living development in Monument, Colorado (between Denver and Colorado Springs). Having just broken ground last month, the community will feature 80 assisted living, 30 memory care (in two separate 15-unit neighborhoods) and 27 independent living units on […]